{"id":"https://openalex.org/W4385412258","doi":"https://doi.org/10.1016/j.cjar.2023.100316","title":"Governance or reputation? Flexible tax enforcement and excess goodwill: Evidence from the taxpaying credit rating system in China","display_name":"Governance or reputation? Flexible tax enforcement and excess goodwill: Evidence from the taxpaying credit rating system in China","publication_year":2023,"publication_date":"2023-07-31","ids":{"openalex":"https://openalex.org/W4385412258","doi":"https://doi.org/10.1016/j.cjar.2023.100316"},"language":"en","primary_location":{"id":"doi:10.1016/j.cjar.2023.100316","doi":"https://doi.org/10.1016/j.cjar.2023.100316","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.cjar.2023.100316","pdf_url":null,"source":{"id":"https://openalex.org/S2764806082","display_name":"China Journal of Accounting Research","issn_l":"1755-3091","issn":["1755-3091","2214-1421"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","doaj","poland-70"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Journal of Accounting Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://doi.org/10.1016/j.cjar.2023.100316","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5046546994","display_name":"Jingbo Luo","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I76214153","display_name":"Lanzhou University","ror":"https://ror.org/01mkqqe32","country_code":"CN","type":"education","lineage":["https://openalex.org/I76214153"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Jingbo Luo","raw_affiliation_strings":["School of Management, Lanzhou University, Lanzhou, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, Lanzhou University, Lanzhou, China","institution_ids":["https://openalex.org/I76214153"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5005564764","display_name":"Chun Guo","orcid":"https://orcid.org/0000-0001-6678-0343","observed_orcids":["https://orcid.org/0000-0001-6678-0343"]},"institutions":[{"id":"https://openalex.org/I76214153","display_name":"Lanzhou University","ror":"https://ror.org/01mkqqe32","country_code":"CN","type":"education","lineage":["https://openalex.org/I76214153"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Chun Guo","raw_affiliation_strings":["School of Management, Lanzhou University, Lanzhou, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Management, Lanzhou University, Lanzhou, China","institution_ids":["https://openalex.org/I76214153"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5046546994"],"corresponding_institution_ids":["https://openalex.org/I76214153"],"apc_list":{"value":1800,"currency":"USD","value_usd":1800},"apc_paid":{"value":1800,"currency":"USD","value_usd":1800},"fwci":3.3778,"has_fulltext":false,"cited_by_count":10,"citation_normalized_percentile":{"value":0.92642695,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":98},"biblio":{"volume":"16","issue":"3","first_page":"100316","last_page":"100316"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.46779999136924744,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10081","display_name":"Auditing, Earnings Management, Governance","score":0.46779999136924744,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.39480000734329224,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11508","display_name":"Corporate Taxation and Avoidance","score":0.0754999965429306,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/corporate-reputation","display_name":"corporate reputation","score":0.6420000195503235},{"id":"https://openalex.org/keywords/halo-effect","display_name":"halo effect","score":0.671999990940094},{"id":"https://openalex.org/keywords/mergers-and-acquisitions","display_name":"mergers and acquisitions","score":0.843999981880188},{"id":"https://openalex.org/keywords/information-transparency","display_name":"information transparency","score":0.8920000195503235},{"id":"https://openalex.org/keywords/state-ownership","display_name":"state ownership","score":0.8450000286102295}],"concepts":[{"id":"https://openalex.org/C2778860618","wikidata":"https://www.wikidata.org/wiki/Q157499","display_name":"Goodwill","level":2,"score":0.7374035120010376},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6428492665290833},{"id":"https://openalex.org/C2779777834","wikidata":"https://www.wikidata.org/wiki/Q4202277","display_name":"Enforcement","level":2,"score":0.6039824485778809},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.5838126540184021},{"id":"https://openalex.org/C610760","wikidata":"https://www.wikidata.org/wiki/Q1340706","display_name":"Endogeneity","level":2,"score":0.5404260158538818},{"id":"https://openalex.org/C205208723","wikidata":"https://www.wikidata.org/wiki/Q372765","display_name":"Credit rating","level":2,"score":0.43998631834983826},{"id":"https://openalex.org/C48798503","wikidata":"https://www.wikidata.org/wiki/Q877546","display_name":"Reputation","level":2,"score":0.4284842014312744},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.41778916120529175},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.34878700971603394},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3306660056114197},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.329267680644989},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.2795729637145996},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.09918379783630371},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.09339892864227295},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.cjar.2023.100316","doi":"https://doi.org/10.1016/j.cjar.2023.100316","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.cjar.2023.100316","pdf_url":null,"source":{"id":"https://openalex.org/S2764806082","display_name":"China Journal of Accounting Research","issn_l":"1755-3091","issn":["1755-3091","2214-1421"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","doaj","poland-70"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Journal of Accounting Research","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:4fcd14727f1146a6b4050c24ccc69f5c","doi":null,"is_oa":true,"landing_page_url":"https://doaj.org/article/4fcd14727f1146a6b4050c24ccc69f5c","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"China Journal of Accounting Research, Vol 16, Iss 3, Pp 100316- (2023)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.1016/j.cjar.2023.100316","doi":"https://doi.org/10.1016/j.cjar.2023.100316","is_oa":true,"landing_page_url":"https://doi.org/10.1016/j.cjar.2023.100316","pdf_url":null,"source":{"id":"https://openalex.org/S2764806082","display_name":"China Journal of Accounting Research","issn_l":"1755-3091","issn":["1755-3091","2214-1421"],"is_oa":true,"is_in_doaj":true,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","doaj","poland-70"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"China Journal of Accounting Research","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.6601999998092651}],"study_designs":[],"awards":[{"id":"https://openalex.org/G5938461443","display_name":null,"funder_award_id":"71762014","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"},{"id":"https://openalex.org/G6069297155","display_name":null,"funder_award_id":"23JRZA374","funder_id":"https://openalex.org/F4320321001","funder_display_name":"National Natural Science Foundation of China"}],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"},{"id":"https://openalex.org/F4320325927","display_name":"Science and Technology Department of Gansu Province","ror":"https://ror.org/03xz2hx98"}],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":45,"referenced_works":["https://openalex.org/W386261687","https://openalex.org/W1942500217","https://openalex.org/W1988545222","https://openalex.org/W2003663712","https://openalex.org/W2005093284","https://openalex.org/W2011410809","https://openalex.org/W2020228097","https://openalex.org/W2026921080","https://openalex.org/W2030382660","https://openalex.org/W2105094056","https://openalex.org/W2127090968","https://openalex.org/W2293624813","https://openalex.org/W2399125244","https://openalex.org/W2550935858","https://openalex.org/W2746339283","https://openalex.org/W2775670827","https://openalex.org/W2784412693","https://openalex.org/W2886664625","https://openalex.org/W2899680653","https://openalex.org/W2901434692","https://openalex.org/W2904498496","https://openalex.org/W2919224840","https://openalex.org/W2990427965","https://openalex.org/W3047287785","https://openalex.org/W3121131820","https://openalex.org/W3121551309","https://openalex.org/W3121855280","https://openalex.org/W3121860914","https://openalex.org/W3121915999","https://openalex.org/W3122642351","https://openalex.org/W3123491384","https://openalex.org/W3123748565","https://openalex.org/W3123831793","https://openalex.org/W3123872135","https://openalex.org/W3124200261","https://openalex.org/W3124278937","https://openalex.org/W3125763623","https://openalex.org/W3125842917","https://openalex.org/W3126130034","https://openalex.org/W3134827844","https://openalex.org/W3138740653","https://openalex.org/W3175497812","https://openalex.org/W4210571238","https://openalex.org/W4220735144","https://openalex.org/W4280539306"],"related_works":["https://openalex.org/W7164563370","https://openalex.org/W4401360157","https://openalex.org/W4405638023","https://openalex.org/W4385498131","https://openalex.org/W4378189104","https://openalex.org/W4319789258","https://openalex.org/W7155764589","https://openalex.org/W2347422782","https://openalex.org/W2898494481","https://openalex.org/W7147176607"],"abstract_inverted_index":{"This":[0,59,124],"study":[1,125],"investigates":[2],"the":[3,53,128],"effect":[4,73,118,142],"of":[5,52,56],"flexible":[6,108,136],"tax":[7,94,109,137],"enforcement":[8,95,110,138],"on":[9,18],"firms\u2019":[10,112],"excess":[11,36,41,57,113],"goodwill":[12,42,114,153],"using":[13],"unique":[14],"manually":[15],"collected":[16],"data":[17],"taxpaying":[19,103,129],"credit":[20,104,130],"rating":[21,105,131,145],"in":[22,77,90,133],"China":[23,134],"from":[24],"2014":[25],"to":[26,143],"2021.":[27],"We":[28],"document":[29],"that":[30,83,87,102,127],"A-rated":[31,38],"taxpayer":[32],"firms":[33,39,78],"have":[34],"less":[35],"goodwill;":[37],"reduce":[40],"by":[43],"0.005":[44],"vis-a-vis":[45],"non-A-rated":[46],"firms,":[47,146],"which":[48],"accounts":[49],"for":[50],"100%":[51],"mean":[54],"value":[55],"goodwill.":[58],"finding":[60],"holds":[61],"after":[62],"multiple":[63],"robustness":[64],"tests":[65],"and":[66,86,119,151],"an":[67],"endogeneity":[68],"analysis.":[69],"Moreover,":[70],"this":[71],"negative":[72],"is":[74],"more":[75],"pronounced":[76],"with":[79,92],"low":[80,93],"information":[81],"transparency,":[82],"are":[84,88],"non-state-owned":[85],"located":[89],"regions":[91],"intensity.":[96],"The":[97],"channel":[98],"test":[99],"results":[100],"suggest":[101],"system":[106,132],"as":[107,135],"reduces":[111],"through":[115],"a":[116,121],"reputation-based":[117],"not":[120],"governance-based":[122],"effect.":[123],"reveals":[126],"can":[139],"bring":[140],"halo":[141],"A":[144],"thereby":[147],"limiting":[148],"irrational":[149],"M&As":[150],"breaking":[152],"bubble.":[154]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":5},{"year":2024,"cited_by_count":2}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2023-08-01T00:00:00"}